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Restaurant & Bar With Liquor
Location: United States -> California -> Southern California - Los Angeles Area -> Los Angeles
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

This restaurant and bar with liquor boasts an ideal location with a rich history in the heart of Downtown Los Angeles. The venue is located within walking distance to nearly of the area's attractions as well as its complementary entertainment venues. The truly iconic facility includes multiple bars and an ideal layout that is versatile enough for private events, filming and additional revenue generating opportunities. The location benefits from excellent street frontage, heavy walk traffic and is ideally situated to launch any number of new concepts from the epicenter of the area's bourgeoning dining culture.

Asking price: $495,000

This 8,726 square foot restaurant leases for $21,326 per month on a lease expires in 2019 with one 10 year option. While all of the business's furniture, fixtures, equipment and Type 47 Liquor License will be included, the concept's name and menu will not be. Approximately $30,000 in inventory will be sold at cost at close.

Competition is considered to be medium due to the influx of dining and entertainment venues that has followed the surge of new residents and visitors.

This iconic location is ideally suited to launch any number of new food or bar related concepts from. Its versatile layout and stellar location provides an operator a solid platform from which to showcase their concept.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $2,132,091
Cash Flow:   Seller Will Provide
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $100,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  2010
Number of Employees:  50 - 99
Relocatable:  No
Franchise:  Not Disclosed
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  2 weeks at 20 hrs/wk
Reason For Selling:  Personal

Photos

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Restaurant & Bar With Liquor Photo 1




Print Listing Id: 700307939
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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